I misspoke in my first post in that I originally meant waiting to put the tenants on a full year lease. 

A full park at $350 rent with a 50% expense ratio at an 8% cap rate ($350*12 = $4,200 * 6.5 [12.5x * 50%] = ~$26k per site).

For that reason in a situation where a tenant is below market my advice would be to give them fair warning you will be putting them to full market rent.

I currently am full time military. 

If the previous year tax returns do not reflect the full year of rents received then you can provide the leases as well.

Hi Kenneth, I own LIV Indy, which is a full service brokerage serving investor clients.

But if i am looking a property for a housing track they will give me for free a developers package which is a huge 3 ring binder with all sorts of data  from demographics utlities zoning and if I request a full title search.. this all for free.. with the expectation if i buy that development they are going to get 10 to 50 million in title policies.. from my retail buyers.  

I bought a lease option a couple years back.I signed a lease with the owner that gave me full authority - and full responsibility - for the property.

Wonder how do people in your area get previous eviction reports--from doing full-blown background reports?   

Depending on the state you are in a HELOC is a full recourse loan which means that if you fail and lose your home, they can go after you for any losses.